Alkami Technology Correlations

ALKT Stock

USD 21.19 1.22 5.44%

The current 90-days correlation between Alkami Technology and WEBTOON Entertainment Common is 0.28 (i.e., Modest diversification). The correlation of Alkami Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Alkami Technology Correlation With Market

Weak diversification

The correlation between Alkami Technology and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alkami Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alkami Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkami Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.

Moving together with Alkami Stock

0.65	PCTY	Paylocity Holdng Earnings Call This Week	Pair Corr
0.68	TTAN	ServiceTitan Class	Pair Corr
0.67	ADHI	Arsenal Digital Holdings	Pair Corr

Moving against Alkami Stock

0.44	CLSK	CleanSpark Earnings Call This Week	Pair Corr
0.43	SOUN	SoundHound AI	Pair Corr
0.42	CAUD	Collective Audience	Pair Corr
0.41	NICE	Nice Ltd ADR	Pair Corr
0.37	ESTC	Elastic NV	Pair Corr
0.32	MNDY	MondayCom	Pair Corr
0.71	ODC	Oil Dri	Pair Corr
0.58	ELUT	Elutia Inc	Pair Corr
0.45	PIFMY	Indofood Sukses Makmur	Pair Corr
0.43	ATMV	ATMV Old Symbol Change	Pair Corr

Related Correlations Analysis

	WBTN	DBD	CXM	PLUS	MQ	IE	JAMF	PRGS	DV	GRND
WBTN		-0.46	0.23	-0.6	0.06	-0.4	-0.44	0.12	-0.11	0.39	WBTN
DBD	-0.46		-0.15	0.36	-0.17	0.8	0.69	0.23	0.35	-0.44	DBD
CXM	0.23	-0.15		0.14	0.78	-0.33	0.02	0.76	0.43	0.66	CXM
PLUS	-0.6	0.36	0.14		0.41	0.07	0.11	0.2	-0.11	0.12	PLUS
MQ	0.06	-0.17	0.78	0.41		-0.48	-0.25	0.46	0.17	0.75	MQ
IE	-0.4	0.8	-0.33	0.07	-0.48		0.8	0.05	0.42	-0.65	IE
JAMF	-0.44	0.69	0.02	0.11	-0.25	0.8		0.25	0.57	-0.49	JAMF
PRGS	0.12	0.23	0.76	0.2	0.46	0.05	0.25		0.53	0.32	PRGS
DV	-0.11	0.35	0.43	-0.11	0.17	0.42	0.57	0.53		-0.12	DV
GRND	0.39	-0.44	0.66	0.12	0.75	-0.65	-0.49	0.32	-0.12		GRND
	WBTN	DBD	CXM	PLUS	MQ	IE	JAMF	PRGS	DV	GRND

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IE	+ 0.8	DBD
JAMF	+ 0.8	IE
MQ	+ 0.78	CXM
PRGS	+ 0.76	CXM
GRND	+ 0.75	MQ
JAMF	+ 0.69	DBD

High negative correlations

GRND	- 0.65	IE
PLUS	- 0.6	WBTN
GRND	- 0.49	JAMF
IE	- 0.48	MQ
DBD	- 0.46	WBTN
GRND	- 0.44	DBD

Risk-Adjusted Indicators

There is a big difference between Alkami Stock performing well and Alkami Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alkami Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WBTN	2.30	(0.43)	0.00	0.73	0.00	0.00	3.63	(3.97)	27.89
DBD	1.52	0.27	0.10	1.17	2.04	(1.58)	2.82	(3.46)	18.24
CXM	1.39	(0.31)	0.00	(1.28)	0.00	0.00	2.65	(3.99)	10.05
PLUS	1.55	0.31	0.16	(0.55)	1.32	(1.88)	3.71	(2.34)	19.34
MQ	1.74	(0.12)	0.00	(0.25)	0.00	0.00	3.24	(3.28)	14.05
IE	3.65	0.45	0.09	0.46	4.43	(3.92)	7.52	(6.25)	27.03
JAMF	0.08	0.01	(0.20)	0.65	0.00	(0.13)	0.23	(0.15)	0.39
PRGS	1.57	(0.04)	0.00	0.22	0.00	0.00	3.20	(3.74)	14.73
DV	1.62	(0.05)	0.00	(0.04)	0.00	0.00	3.14	(2.59)	15.61
GRND	1.58	(0.23)	0.00	0.49	0.00	0.00	3.03	(3.50)	23.18

Alkami Technology Corporate Management

Prerna Sachdeva	Chief Officer	Profile
Stephen Bohanon	Chief CoFounder	Profile
Douglas Linebarger	Chief Secretary	Profile
Bryan Hill	CFO Treasurer	Profile
Jeff Johnson	Director Devel	Profile
Gagan Kanjlia	Chief Officer	Profile
Douglas JD	Chief Secretary	Profile

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